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Friday, October 13, 2006

Daily FX Wrap Up

The Dollar rallied against it counterparts today, closing out the week on a strong note. The Canadian Dollar was one of the major victims of the "Greenbacks "surge, as Statistics Canada reported that New Motor sales grew 2.8% last month vs. a 3.0% rise that most analysts' expected. It will be interesting to see if the Dollar's ends of the week momentum can carryover to next week. XPRESSTRADE Analyst David Hilgeman